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Mchekwisha

Update on Mchekwisha

Mchekwisha is an enterprising woman who has shown great entrepreneurial skills. She has a water distribution business, as well as a retail shop in her home. She wants to increase her inventory in her shop to enable her to provide a variety of commodities to her customers. Mchekwisha says, that since she started getting loans, her income has increased and that her living standards has greatly improved. She will use the loan to buy food stuffs and basic medicines, and also repair some broken pipes.

Previous Loan Details

Mchekwisha is an enterprising woman with a lot of enthusiasm. She is still in her business of selling water to the neighborhood. This is her third loan with Yehu and second with Kiva. She has a good repayment reference since she has successfully repaid her first loan and is about to complete ... More from Mchekwisha's previous loan »

Additional Information

About Yehu Microfinance Trust

This loan is administered by Yehu Microfinance Trust, which was founded in 1998 as a project of CHOICE Humanitarian Kenya. In July 2007, Yehu became a separate entity from CHOICE and was registered as a trust. Since then, Yehu has expanded to cover over half of Kenya’s 13 coastal districts.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Kenya

  • $1,800
    Average annual income
  • 715
    View loans »
    Kenya Loans Fundraising
  • $42,281,825
    Funds lent in using Kiva
  • 85.9
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Mchekwisha to buy food stuffs and basic medicines, and to repair broken water pipes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2012
Listed
Dec 19, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013